Carrier Global (Carrier Global) Days Payable : 59.27 (As of Mar. 2024)

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What is Carrier Global Days Payable?

Carrier Global's average Accounts Payable for the three months ended in Mar. 2024 was $2,908 Mil. Carrier Global's Cost of Goods Sold for the three months ended in Mar. 2024 was $4,477 Mil. Hence, Carrier Global's Days Payable for the three months ended in Mar. 2024 was 59.27.

The historical rank and industry rank for Carrier Global's Days Payable or its related term are showing as below:

CARR' s Days Payable Range Over the Past 10 Years
Min: 50.44 Med: 53.51 Max: 65.33
Current: 65.33

During the past 7 years, Carrier Global's highest Days Payable was 65.33. The lowest was 50.44. And the median was 53.51.

CARR's Days Payable is ranked worse than
56.64% of 1603 companies
in the Construction industry
Industry Median: 74.1 vs CARR: 65.33

Carrier Global's Days Payable declined from Mar. 2023 (67.46) to Mar. 2024 (59.27). It may suggest that Carrier Global accelerated paying its suppliers.

Carrier Global Days Payable Historical Data

The historical data trend for Carrier Global's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carrier Global Days Payable Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.44

53.76

53.25

63.05

64.74

Carrier Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															67.46	63.34	68.09	70.02	59.27

Competitive Comparison of Carrier Global's Days Payable

For the Building Products & Equipment subindustry, Carrier Global's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carrier Global's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Carrier Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Carrier Global's Days Payable falls into.

Carrier Global Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Carrier Global's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2833	+	2742)	/	2 )	/	15715	*	365
=	2787.5					/	15715	*	365
=	64.74

Carrier Global's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2742	+	3074)	/	2 )	/	4477	*	365 / 4
=	2908					/	4477	*	365 / 4
=	59.27

Carrier Global Days Payable Related Terms

Thank you for viewing the detailed overview of Carrier Global's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Carrier Global (Carrier Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (NYSE:CARR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CARR:Mexico 4PN:Germany C1RR34:Brazil CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

Executives

Ajay Agrawal	officer: VP, Strategy & Services	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Kyle Crockett	officer: Vice President, Controller	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Jurgen Timperman	officer: President, Fire & Security	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Kevin J. O'connor	officer: VP, Chief Legal Officer	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Susan N Story	director	ONE ENERGY PLACE, PENSCOLA FL 32520
Timothy N White	officer: President, Refrigeration	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
Christopher John Nelson	officer: President, HVAC	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418
David Appel	officer: President, Refrigeration	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS GA 33418
Beth Wozniak	director	555 WAYZATA BLVD. SUITE 600, MINNEAPOLIS MN 55419
Patrick P. Goris	officer: Senior Vice President & CFO	1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
John J Greisch	director	C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
David L. Gitlin	officer: President and CEO	UNITED TECHNOLOGIES CORPORATION, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Jean Pierre Garnier	director	UNITED TECHNOLOGIES CORP, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Virginia M Wilson	director	WYNDHAM WORLDWIDE CORPORATION, 7 SYLVAN WAY, PARSIPPANY NJ 07054
Nadia Villeneuve	officer: See Remarks	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL 33418